Military Super

Military Super is a specialist superannuation fund provider, offering super accounts only to full-time serving members of the Australian Defence Force.

Types of Military Super accounts

Military Super does not have traditional retail super account options as it is a hybrid defined contribution and benefit scheme. Benefits are made up of member contributions and their investment returns, and an unfunded employer component provided by the government, which is not linked to investment performance.

Military Super provides four different investment options to members, from which they can choose the mix they prefer.

Cash

Income Focused

Balanced

Aggressive

When choosing an investment option, it is important to take into account your investment time frames and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.

Yes, you can consolidate other super accounts into your Military Super account.

It’s important to check with your old super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds. If you have any questions or concerns about the rollover process, give Military Super a call on 1300 006 727.

Military Super was founded in 1991, opening its doors to members on 1 October of that year. It replaced the old Defence Force Retirement and Death Benefits Scheme. In 2016 Military Super was closed to new members, with the new ADF Super was created to supersede it, and current Military Super members can choose to transfer to ADF Super. Nevertheless, Military Super remains active, continuing to invest and grow its member’s retirement savings.

If you’re considering top performing superannuation funds, check out the following table which contains details of the superannuation funds rated by Canstar. This table has been sorted by one-year performance (highest to lowest).

Please note that the performance information shown in the table is for the investment option used by Canstar in rating of the superannuation product.

The Star Ratings in this table were awarded in March 2018. The search results do not include all providers and may not compare all features relevant to you. View the Canstar Superannuation Star Ratings Methodology and Report. These results are general advice only and not personal financial advice. Ratings are only one factor to take into account when deciding whether to make an investment. Consider the Product Disclosure Statement before making a purchase decision.

Products displayed above that are not 'Sponsored' are sorted as referenced in the introductory text to the table. Canstar may receive a fee for referral of leads from these products. See How We Get Paid for further information. Products displayed above do not include all products/providers and may not include all features relevant to you. Please note that all information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise.

Performance information shown is for historical periods up to 30/9/2018 and investment options noted in the product information. Performance figures shown reflect net investment performance, i.e. net of investment tax, investment management fees and the maximum applicable ongoing management fees and membership fees. Performance information is provided by Rainmaker Information Pty Ltd ABN 86 095 610 996 AFSL 461816 (www.rainmaker.com.au) which provides general information on superannuation. Performance data may not be available for some products. This is indicated in the tables by a note referring the user to the product provider, or by no performance information being shown.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs and is not a recommendation for your particular circumstances. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision. You may need financial advice from a qualified adviser.

Performance, fee and other information displayed in the table has been updated from time to time since the rating date and may not reflect the products as rated. The performance and fee information shown in the table is for the investment option used by Canstar in rating of the superannuation product.

Annual cost includes administration fees and indirect costs (including the investment fee, performance fee where applicable, and any other indirect management costs). Investment returns and annual costs are calculated based on the super balance specified and the investment option considered in the 2018 Superannuation Star Ratings, which is the default investment option (including default life-stage options). Where a product does not have a default investment option, annual fees for the investment option with the highest FUM and a 60-80% growth asset allocation are used.

Important Notes:
1. Performance, fee and other information displayed in the table has been updated from time to time since the rating date and may not reflect the products as rated.
2. The performance and fee information shown in the table is for the investment option used by CANSTAR in rating of the superannuation product.
3. Performance information shown is for the historical periods up to 30/06/2018 and investment options noted in the table information.
4. Performance figures shown reflect net investment performance, i.e. net of investment tax, investment management fees and the maximum applicable ongoing management fees and membership fees. Performance information is provided by Rainmaker Information Pty Ltd ABN 86 095 610 996 AFSL 461816 (www.rainmaker.com.au) which provides general information on superannuation.
5. Performance data may not be available for some products. This is indicated in the tables by a note referring the user to the product provider, or by no performance information being shown.
6. Please note that all information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise.
7. Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. CANSTAR is not providing a recommendation for your individual circumstances. See our Detailed Disclosure.
8. Not all superannuation funds in the market are listed, and the list above may not include all features relevant to you. CANSTAR is not providing a recommendation for your individual circumstances.
9. Sponsored products displayed are paid advertisements and do not form part of the search results.
10. Click here for additional important notes and liability disclaimer.

Performance and Investment Allocation Differences
• Fee, performance and asset allocation information shown in the table above have been determined according to the investment profile in the Canstar Superannuation Star Ratings methodology that matches the age group you selected.
• Some providers use different age groups for their investment profiles which may result in you being offered or being eligible for a different product to what is displayed in the table. See here for more details.
• SunSuper’s allocation of funds for investors aged 55-99 differ from Canstar’s methodology – see details here.
• The Sunsuper for Life product may appear in the table multiple times. While you will not be offered any single investment option, this is to take into account the different combinations of investment options SunSuper may apply to your account based on your age. For more detail in relation to the SunSuper for Life product please refer to the PDS issued by SunSuper for this product.
• QSuper sets different balance ranges, resulting in a different investment mix in some cases to that resulting from Canstar’s methodology – see details here.
• Investment profiles applied initially may change over time in line with an investor’s age. See the provider’s Product Disclosure Statement and in particular applicable age groups for more information about how providers determine their investment profiles.

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Statistics referenced on this page have been verified by Canstar Research. Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917.